Business

Elite Diagnostics delays IPO

Friday, January 26, 2018

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Elite Diagnostics has delayed its initial public offer (IPO) that was scheduled to be opened on Wednesday.

In a notice posted on the Jamaica Stock Exchange (JSE) website yesterday, the company advised that “the application list relating to the IPO by Elite Diagnostic Limited (“Elite”) will not open on January 24, 2018. Elite, after consulting with its financial advisors, has decided to update certain statements made in its prospectus”.

The company said the revised statements, along with new opening and closing dates, will be published on the JSE's website once finalised.

NCB Capital Markets and Sagicor Investments are co-brokers for the IPO, which will make Elite Diagnostic the second medical services company to be listed on the JSE Junior Market.

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